Simple Renko trading NADEX Weekly Options, Daily Grains
I have been trading this system only a few weeks but it is a very low stress strategy:
I keep the Renko chart as simple as posible: Emini S&P for interday trading and grains (corn this example) on daily charts.
NADEX.com is my replacement of Forex which was a disaster. I checck the Sunday charts for S&P500 for direction and look at the daily S&P OHLC chart as a reality check. On Nadex is pick a close to the money option and trade in the RENKO trend direction. I have had success both in a quick profit in 1 or 2 days making approx $25 or $30 and closing the position early or sometimes doublé that by holding until expiration on Friday. I only trade the weekly options.
I trade the Daily grains the same way. I never have much luck on interday trading of grains but with small positions you can ride out the Price swings that RENKO ignores and pick up a trend that you can scale into slowly and take profits along the way.
I keep the Renko chart as simple as posible: Emini S&P for interday trading and grains (corn this example) on daily charts.
NADEX.com is my replacement of Forex which was a disaster. I checck the Sunday charts for S&P500 for direction and look at the daily S&P OHLC chart as a reality check. On Nadex is pick a close to the money option and trade in the RENKO trend direction. I have had success both in a quick profit in 1 or 2 days making approx $25 or $30 and closing the position early or sometimes doublé that by holding until expiration on Friday. I only trade the weekly options.
I trade the Daily grains the same way. I never have much luck on interday trading of grains but with small positions you can ride out the Price swings that RENKO ignores and pick up a trend that you can scale into slowly and take profits along the way.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.